7 bedroom block of apartments for sale

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7 bedroom block of apartments for sale

Richards Street, Cardiff
£600,000

Our Summary

  • Introducing this great investment opportunity of a freehold property which is made up of four self-contained apartments
  • 4% Gross Yield The property does require some updating throughout

Description

This freehold property offers a unique investment opportunity, comprising four self-contained apartments with a mix of one and two-bedroom configurations. The property requires some updating throughout, but offers great potential for renovation. The apartments have varying layouts, with Flat 1 featuring a one-bedroom layout, while Flats 2, 3, and 4 have two bedrooms each. The property generates a gross yield of 8.4%, with rental prices ranging from £800 to £1,200 per month. With a total monthly income of £50,400, this property presents a lucrative investment opportunity for those looking to generate passive income.
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